FNF - Investor Bill Foley sounds a cautious note on the SPAC market

Mega-investor William Foley II, who has launched several SPACS over the past year, said he's a bit concerned with the current SPAC market."I do get concerned that we have a lot of SPACs being formed and the types of businesses they are taking public," Foley said in an interview on CNBC. "Are they really the appropriate type of business to be go public at this time?"Foley founded Fidelity National Financial (FNF) and currently serves as its chairman, and also co-owns the Vegas Golden Knights NHL team.Earlier, Cannae (CNNE) to invest new $50m in QOMPLX and Tailwind Acquisition (TWND) merger.Recall Feb. 10, Bill Foley seeks $1.7B for two new SPACs after first ones cut big M&A deals.Recall Feb. 28, SPAC party may come to end soon, hedge fund manager warns.

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Investor Bill Foley sounds a cautious note on the SPAC market